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Massive rent Increases Ahead as Governments Deregulate Rental Laws ! This will increase Taxes

343 views · Published 10 December 2017 · 3:54 · Indexed 4 November 2026

Channel: Mike Martins · 2017 · News & Politics

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MY OPINION:  Middle Class renters will be forced into homelessness and Governments scarp laws to allow landlords to take advantage of tenants.  This in Turn will allow governments to raise property taxes and fees to a maximum  allowing landlords to adjust rental units and rental hikes  more than allowable .


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B.C.'s provincial government announced it will eliminate another loophole that allowed some landlords to subject renters to big rent hikes.

Vancouver-West End MLA Spencer Chandra Herbert said Saturday the government will remove the geographic rent increase clause.

The clause allowed landlords to increase rent above the allowable rent increase limit when other units in the same geographic area rent for higher amounts.

For example, in hot rental markets, landlords were able to raise rents by 30 to 80 per cent to match neighbouring prices, significantly over the allowable four per cent yearly rent increase, set out in provincial law.

Tenant Ross Waring said he and his building neighbours had been subject to such an increase in Vancouver's West End neighbourhood.

"The landlords that we used to have threatened us with massive rent increases — some of us up to 73 per cent. That's not [something] anyone can handle in this day and age," Waring said.

Waring welcomed Saturday's news that the province intends to close the loophole.

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